Weekly Update Mar 21: Palooza Party at Bernie’s, Business Networking Night @ Bitexco Financial Tower


Mo-Tu, Mar 28-29 APBO Asia Pacific Business Outlook, Los Angeles
Tu, Mar 29 U.S. Currency and How to Detect Counterfeit – POSTPONED
We, Mar 30 Young Professionals Palooza Party @ Bernie’s Bar & Grill
Th, Mar 31 Business Networking Night @ Bitexco Financial Tower (rescheduled)
Tu, Apr 5 How to Meet U.S. Food & Drug Administration Import Requirements
Tu, Apr 5 Cloud Computing: Opportunities and Challenges in Vietnam
We, Apr 6 Mercer 2011 Vietnam Total Remuneration Survey Info Session
Sa, Apr 9 4th Annual Vietnam-U.S. Education Conference
Mo-Tu, Apr 11-12 Hung Kings’ Festival
We, Apr 20 Developing an Anti-Corruption Compliance Program
Th, Apr 21 A Strategic Approach to Employee Communications
Southern Key Economic Region: Ports, Industrial Parks, and Other Infrastructure
Asia Development Bank: “Skills Enhancement Project” Loan to Vietnam, 2010-2016

Events, Meetings, Activities, and Special Offers for Members

DVDs of “Duc Tuan’s Music of the Night – Live in Concert” are available at Phuong Nam Bookstores On November 2009, Duc Tuan took to the stage in the live concert MUSIC OF THE NIGHT, featuring Broadway favorites and songs from the contemporary musical repertoire. Anyone who missed this special Live Concert can purchase the DVD through Phuong Nam Bookstore.

APBO 2011 Asia Pacific Business Outlook
Access 14 Asia/Pacific Markets in 2 days. If you are doing business in the Asia/Pacific region, this is the one conference you can’t afford to miss. Find answers to your questions on 14 economies by choosing from 60 focused sessions and private one-on-one consultations. Get the latest information and connect with expert and insiders.

We, Mar 30 Young Professionals Palooza Party @ Bernie’s Bar & Grill, one of TripAdvisor’s top rated restaurants in HCM City.

Th, Mar 31 Business Networking Night @ Bitexco Financial Tower (rescheduled) to Mar 31 instead of Mar 24. Special attraction: visit to the Observatory Deck. Let’s meet up at Ho Chi Minh City’s new icon. At 262 meters, BFT is Vietnam’s tallest. 68 floors of office space, 6 basement floors of parking and a 5-floor retail podium.

Tu, Apr 5 How to Meet U.S. Food & Drug Administration (FDA) Import Requirements The export of food and beverages from Vietnam to the United States continues to grow, and will likely do so for many years to come. However, developing a successful export strategy has become even more challenging for Vietnamese firms over the past several years. Before carelessly shipping off that next container, you need to be aware of a number of old and new regulations that can cause great harm to your company’s finances and reputation. This seminar is designed to enlighten you on how to avoid the most common mistakes made by food exporters.

Tu, Apr 5 Cloud Computing in Vietnam: Opportunities and Challenges Cloud computing has the potential to generate a series of disruptions that will ripple out from the tech industry and ultimately transform many industries around the world. The cloud’s ability to access, analyze, store and share information could change our business and personal lives in ways hard to imagine. Vietnamese IT services spending is forecast to reach around US$ 348mn in 2011, as the market approaches US$ 551mn by 2015. IT services now accounts for around 18% of total Vietnam IT spending. Growing demand for digital infrastructure projects in segments such as banking, telecoms, energy and government has attracted global IT services providers to invest more in Vietnam.

We, Apr 6 Mercer Vietnam 2011 Total Remuneration Survey (TRS) Info Session Today’s Human Resource professionals are seeking solutions to build a consistent pay strategy. There is a need to maintain external competitiveness while maintaining internal equity. Mercer’s Total Remuneration Survey (TRS) collects compensation and typical benefits information to help you to gain understanding of key remuneration issues in Vietnam, evaluate the competitive position of your company, and much more.

Sa, Apr 9 4th Annual Vietnam-U.S. Education Conference. Organized by the U.S. Embassy and the Vietnam Education Foundatoin; sponsored by USAID. Sessions: U.S.-Style Higher Education: what is it, and how can U.S. organizations help create universities of excellence in Vietnam? Increasing U.S. Education Opportunities in Vietnam. External Partnerships: Universities as Partners and Producers.

We, Apr 20 Developing an Anti-Corruption Compliance Program Practical advice for getting started.

Th, Apr 21 A Strategic Approach to Employee Communications A fundamental internal communications approach that supports and aligns with a company’s business performance. A strategic approach within a company that builds a higher level of understanding and support among employees for achieving company goals and objectives.

Plan ahead. Click here to see all upcoming Events and Committee Meetings

Stay informed about Vietnam-U.S. trade and investment with Weekly Updates (Past Issues).

News and Issues Updates

S&P: Vietnam’s banking system faces turbulent conditions Growing bank credit has increased the system’s risks.Vietnam’s government is likely to lower the target for bank credit growth to 20% in 2011. In our opinion, however, the target is still too high, given our estimate of the country’s bank credit to GDP of 120% as at Dec. 31, 2010, and the rudimentary nature of credit risk management systems and the country’s still-evolving regulatory framework. Bank credit already grew about 28% in 2010, exceeding the government’s target of 25%. In addition, Vietnam had several years of high credit growth, especially in 2007 and 2009, including loans to large state-owned borrowers, such as the shipbuilding industry group Vinashin.

Vietnam Provincial Competitiveness Index 2010 Includes first time survey results from 1,155 foreign invested enterprises from 47 different countries located throughout Vietnam. Using 2010 data from 7,300 businesses in Vietnam that describe firm perceptions of their local business environments and hard data, the 6th year iteration, Provincial Competitiveness Index (PCI) 2010 continues to assess and benchmark the performance and capacity of all 63 provincial and city governments within Vietnam to develop business-friendly regulatory environments for private sector development.

AIA Vietnam posts strong profit growth last year After-tax profit up 43% 2010 compared with 2009.

Vietnam seeks to cure growth “addiction” Strong action began only in February when the State Bank of Vietnam announced the country’s largest currency devaluation in years, a 9.3 percent adjustment whose scale surprised experts. The government then proclaimed fighting inflation to be its number one priority, raising key interest rates and setting a series of targets to help stabilize the economy.

Luxuries flood Vietnam despite price woes Euro Auto, a BMW car importer, said they sold over 150 BMWs at VND1.15-1.44 billion ($ 55,600 – 69,700) each in the final three months of last year. It is reported that no less than 31 Rolls-Royces costing $ 400,000 before tax each are now driven in Vietnam.

U.S. Investment and Trade Opportunities in Vietnam’s Southern Key Economic Region A “third wave” of U.S. FDI interest in Vietnam offers business opportunities. A robust and efficient trading and distribution environ

Vietnam and the Trans-Pacific Partnership (TPP) Trade Agreement) The TPP negotiating partners currently include Australia, Brunei Darussalam, Chile, New Zealand, Peru, Singapore, Vietnam, and the United States. Malaysia has officially requested to join the TPP negotiations.

Click this link to read News Highlights: Business, Trade, and Investment in Vietnam and Asia.

Last week’s most popular links to events and articles

Tu, Mar 15 Morning Coffee and Meet the U.S. Consulate General
Th, Mar 31 Business Networking Night @ Bitexco Financial Tower
We, Mar 30 Palooza Party @ Bernie’s Bar & Grill
Fr, Mar 18 Vietnam’s Provincial Competitiveness Index (PCI) 2010
Tu, Mar 29 U.S. Currency (& How to Detect Counterfeit)
Fr-Mo, Mar 11-14, Vietnam International Furniture & Home Accessories Fair
We, Apr 6, Mercer 2011 Total Remuneration Survey
HCMC & Vietnam’s Southern Key Economic Region Ports, Industrial Parks, & Other Infrastructure

Recent Events and Information Resources on AmCham Web Site

Event Presentations and PHOTO ALBUMS Did you miss an AmCham event? Were you there but wanted to have a copy of the presentation? Didn’t get the business card of the person you were talking with? Now you can download the presentations by clicking on the above link. Also, you can see a list of people that attended the event, with links to their company contact information.

Click the following links for recent event information and to download presentations

Mar 18Special Lunch: Vietnam Provincial Competitiveness Index 2010
.Presentation by Dr. Edmund Malesky on the FDI Survey (pdf, slides)
.Executive Summary (pdf – text)
.Chap 2. FDI Survey (pdf – text)
.Vietnam Provincial Competitiveness Index 2010 (full report, pdf, text)
.Welcome Remarks by AmCham Chairman
Mar 9Overview of Consumer Product Safety Commission: Jeff Hilsgen, Attache
Mar 9Introduction to the CPSC Database: www.saferproducts.gov
Mar 9D&B Presentation for Apparel Companies, Mar 9, 2011 (Eng)
Mar 9D&B Presentation for Apparel Companies, Mar 9, 2011 (VN)
Jan 16Members Lunch: Engagement Indicator Survey 2011 Briefing
.Presentation by Dr. Brent Ruge, Towers Watson

Online Membership Directory Looking for information on AmCham companies? Click here to browse the Online Membership Directory for information about and contact points for nearly 500 AmCham companies, and over 1,000 representatives. Members can contact other members by email via the AmCham web site. Also, links to company web sites for even more information about AmCham companies in Ho Chi Minh City.

Benefits and Services Review AmCham benefits and services and learn how you can benefit from Networking Online, with over 250,000+ visitors and 350,000+ page-views per month to www.amchamvietnam.com.

Your announcement in AmCham’s Weekly Update email Early each week, AmCham’s Weekly Update email goes out to over 1,000 representatives of nearly 500 AmCham companies, plus over 4,000 subscribers in Vietnam, Singapore, Japan, and the USA. We welcome event announcements that are of interest to our business readers.

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Keep up-to-date about U.S.-Vietnam trade and investment with Weekly Updates (Past Issues).